Historically, only limited sporadic rock
sampling with no follow-up on anomalies has
occurred on the property.

Using a proven systematic exploration
approach (geophysics, remote sensing, alteration and volcano
features mapping, structural analysis, and soil sampling over
selected anomalies) Lucky Minerals Inc. expects to take the
property to target-ready drill status in short order (see 2018
Phase I and 2019 Phase II exploration plans further below), highly prospective for
discovery
-- the board and technical team are actively hunting
elephant deposits here in Ecuador.

Completely new high-caliber board and
skilled technical team:
The decision to acquire Fortuna was made by the new
board of directors and technical team following a complete
restructuring/changing of the guard (~1 year ago) at Lucky Minerals.
The new board and technical team was first attracted to LJ.V because
of the geologically compelling nature of the Company's other
flagship asset, the 100%-owned Emigrant Creek Cu-Au-Mo Project in
Montana, which has multi-million oz gold potential in ~2 billion+
Tonne porphyry system target. To date 10 highly mineralized breccia-pipes
have been located. The Montana property is a significant asset that
adds inherent value on its own as it is potentially amenable to bulk
underground mining; compelling drilling results include 132m of 2.1
g/T gold and 50m of 14.37 g/T gold. It was decided that with the
long road to permitting in Montana and seasonal aspect, it was best
to diversify the Company and focus to take advantage of the unique
opportunity presented in Ecuador, which allows for year-round
advancement and will expose shareholders to incredible upside share
price appreciation potential when the technical team first drills to
expose targets it is expected to delineate this coming H2-2018
exploration session.

A high-quality board was assembled along with a strong
technical team; e.g.: The head of the technical committee is Guy Lauzier,
B. Eng who is the General Manager of Nemaska Lithium's Whabouchi
Mine. On the board are
notable names such as Joao Carκllo, who was the COO of Lundin for
several years, and Stuart Greene; a Geo and former Director of RMB
Resources, which is essentially First Rand Bank's investment arm in
London.

Fortuna is an early stage
exploration project strategically located in the
South-Central part of Ecuador, about 50 km
South-East of the major town of Cuenca. The project
is comprised of 12 contiguous concessions
totaling ~54,985 Ha (550 km2).

In the Heart of Elephant Country

Fortuna is surrounded by
many multi-million ounces gold and billion lbs
polymetallic properties:

 Lundin
Gold (V-LUN) Fruta del Norte

(9.48 M oz Au I+Inf)

 Sol Gold
(T-SOLG) Cascabel

(7.4 M tonnes CuEq)

 Lumina
Gold (V-LUM) Cangrejo

(8.8 M oz Au +1.1B lbs Cu Inf)

 INV
Metals (T-INV) Loma Larga

(3.09 M oz Au +125 M lbs Cu I+Inf)

 China
National Rail Mirador

(2.7 M oz Au and 5.9 B lbs Cu M+I)

This is not a story of a
rehashed project, the Fortuna Property is
untapped in exploration potential, and one of
the most exciting ventures unfolding in South
America.

The Fortuna concessions
have had placer mining for gold since the Inca
times, however have never seen modern
exploration applied, only being sporadically
explored for gold since the 1990s.

Reconnaissance work and
basic geochemistry surveys have identified many
geological features associated to large
epithermal gold and porphyry deposits.

The concessions have never
seen any drilling.

Region

Figure 3. (above) map of Ecuador

Ecuador -- stable and mining-friendly

A new stable geopolitical environment since
2015 has spurred investments from major companies and revived
interest in the country. FX controls were eliminated in
January 2016 and in 2017 Ecuador was named Country of the Year at
Toronto Mines & Money Show. Ecuador's new President, Lenin Moreno,
has reconfirmed the governments support of mining in 2018. The
Mirador copper project commenced construction in 2015. Lundin Gold
reached an agreement with the government in December 2016, allowing
for the Fruta del Norte project to proceed. Several public companies
are actively advancing projects at various stages of development;
e.g...

 SolGold TSX:SOLG Cascabel in exploration, the
Company is systematically exploring Cu-porphyry opportunities (Alpala,
Aguinaga) and other priority and highly prospective targets. A PEA
is expected in H218.

A June 1, 2018 field report by PI Financial
mining analysts, regarding their recent (Q2-2018) site visit to
several Ecuador mining projects prompted the following take-aways about
Ecuador in a synopsis entitled "Turning the Corner Offering
Untapped Potential":

Infrastructure: The area is
basically uninhabited with trails running throughout the
concessions. A paved road runs up to the property. Power
lines are within 10km of the property border. There is
abundant water available for exploration, and a readily
available workforce nearby.

History

1992-2017 Exploration work

- 1992-2000

✓ Reconnaissance
prospecting of property.

✓ Discovery of
extensive mineralization and alteration zones.

✓ Up to 10,5 g/t Au
in stream sediment.

- 2007-2017

✓ Identification of
major structures.

✓ Reconnaissance
geochemistry sampling.

✓ Numerous Cu
anomalies reported in stream sediment.

Figure 5 (above) High potential to host porphyry
CuAu deposits --
Seen in the image above is an area (Culebrillas-El
Buitre) which has seen a small amount of
preliminary exploration work. There is pervasive
hydrothermal alteration, Cu & Mo geochemical
anomalies, younger felsic porphyry intrusives,
Cu oxides in the different units and the
presence of secondary pyrite in the altered
rocks, important structures as a shear zone have
been identified, and there is the existence of
hydrothermal breccias.

Lucky
Minerals' Fortuna Project checks all the right boxes for
similarity with other systems:

Feature

Cu Porphyry

Epithermal Gold

Fortuna Concessions

Caldera like structures

✓

✓

Multiple intrusions and dykes of diorite to
quartz monzonite

✓

✓

Inner Quartz-Sericite alteration

✓

✓

Outer Epidote-Chlorite alteration

✓

✓

Fractures filled with sulphides

✓

✓

Hydrothermal breccia

✓

✓

Copper and Molybdenum minerals

✓

✓

Volcanic pyroclastic rocks

✓

✓

Advanced argillic alteration

✓

✓

Pervasive silicification

✓

✓

Pyrite

✓

✓

Table 1 (above) Fortuna shares
similarities with other systems.

NNE-trending geological structures that controlled
mineralization

The line of fire of development of
volcanoes are along this NNE trend. The majority of
actual deposits are located along these structures. The
Fortuna concessions represent the most hotly anticipated
new development in Ecuadors prolific gold and mineral
belt.

Figure 8. (above) -
Exploration targets on Fortuna -- Using
satellite imagery and remote sensing, a series
of major structures cut through the Fortuna
concessions. The technical team has software
able to identify major structures. The targets
are related to caldera, dome, and vent volcanic
structures.

FYI: Ecuador has the second largest
concentration of volcanoes per square foot than any
other country in the world (second only to Iceland).

Lucky Minerals' Plans at Fortuna

2018

Near term financing of US$1M for
the delineation of major targets on the property
(airborne geophysics, exploration targets prospecting
and identification of drilling targets).

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